Frankencoin collateral assessments

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Frankencoin (ZCHF) is backed by deposited collateral and CHF stablecoin bridges. This platform brings together each asset’s risk assessment, on-chain exposure and lending terms, so you can understand the assets behind ZCHF and the risks they carry.

Open an asset to read its assessment, or explore the risk framework to learn how collateral is evaluated.

Sample protocol snapshot. These figures are not the current protocol state.

Backing by asset category

Share of outstanding ZCHF · select a category to explore

Custodied BTC37.7%13.1M ZCHF · cbBTC, WBTC Tokenised shares30.2%10.5M ZCHF · BOSS, DQTS, REALU, LENDS Staked ETH15.5%5.4M ZCHF · LsETH, wstETH Tokenised ETF exposure8.4%2.9M ZCHF · SPYon Tokenised gold4.2%1.5M ZCHF · XAUt, PAXG 1:1 stablecoin bridge1.7%599.8k ZCHF · CHFAU Wrapped ETH1.5%527.2k ZCHF · WETH Protocol token0.6%202.4k ZCHF · GNO, CRV Vault token0.2%57.4k ZCHF · ysyBOLD

Asset overview

4 assets

Asset	ZCHF exposure	Average overcollateralisation	Retained reserve	Effective interest / year	Global minting limit
cbBTCCoinbase Wrapped BTCView asset Custodied BTCAssessment unavailable	8.0M23.2% of total6.4M outside reserve1.6M minter reserve	+72.0%Collateral value above debt13.8M CHF backingPrice needs updating	20.0%of gross minted debt	1.25% – 1.75%After reserve adjustment	15.0M ZCHF53.7% usedAcross all originals
BOSSBoss Info AGView asset Tokenised sharesAssessment unavailable	6.9M19.8% of total4.1M outside reserve2.8M minter reserve	+191.5%Collateral value above debt20.1M CHF backingPrice needs updating	40.0%of gross minted debt	1.67%After reserve adjustment	9.0M ZCHF76.5% usedAcross all originals
WBTCWrapped BTCView asset Custodied BTCAssessment unavailable	5.1M14.6% of total4.1M outside reserve1.0M minter reserve	+80.8%Collateral value above debt9.2M CHF backingPrice needs updating	20.0%of gross minted debt	1.25% – 1.88%After reserve adjustment	9.0M ZCHF56.2% usedAcross all originals
DQTSDraggable quitt.sharesView asset Tokenised sharesAssessment unavailable	3.5M10.1% of total2.1M outside reserve1.4M minter reserve	+35.7%Collateral value above debt4.8M CHF backingPrice needs updating	40.0%of gross minted debt	3.00%After reserve adjustment	5.0M ZCHF70.4% usedAcross all originals
LsETHLiquid Staked ETHView asset Staked ETHAssessment unavailable	3.3M9.5% of total2.5M outside reserve823.0k minter reserve	+95.4%Collateral value above debt6.4M CHF backingPrice needs updating	25.0%of gross minted debt	1.33%After reserve adjustment	5.0M ZCHF65.8% usedAcross all originals
SPYonSPDR S&P 500 ETF (Ondo Tokenized)View asset Tokenised ETF exposureAssessment unavailable	2.9M8.4% of total2.6M outside reserve291.7k minter reserve	+28.4%Collateral value above debt3.7M CHF backingPrice needs updating	10.0%of gross minted debt	1.11%After reserve adjustment	5.0M ZCHF58.3% usedAcross all originals
wstETHWrapped liquid staked Ether 2.0View asset Staked ETHAssessment unavailable	2.1M6.0% of total1.6M outside reserve474.8k minter reserve	+157.0%Collateral value above debt5.4M CHF backingPrice needs updating	20.0% – 25.0%of gross minted debt	1.25% – 2.67%After reserve adjustment	6.0M ZCHF35.0% usedAcross all originals
XAUtTether GoldView asset Tokenised goldAssessment unavailable	853.5k2.5% of total768.2k outside reserve85.4k minter reserve	+24.9%Collateral value above debt1.1M CHF backingPrice needs updating	10.0%of gross minted debt	1.67%After reserve adjustment	5.0M ZCHF17.1% usedAcross all originals
PAXGPaxos GoldView asset Tokenised goldAssessment unavailable	607.5k1.7% of total546.7k outside reserve60.7k minter reserve	+43.9%Collateral value above debt874.3k CHF backingPrice needs updating	10.0%of gross minted debt	1.67%After reserve adjustment	5.0M ZCHF12.1% usedAcross all originals
CHFAUAllUnity CHFView asset 1:1 stablecoin bridgeAssessment unavailable	599.8k1.7% of total599.8k outside reserve0 minter reserve	1:1 bridgeIssuer-backed stablecoin599.8k CHF backingPrice needs updating	Not applicable	No borrowing interest	10.0M ZCHF6.0% usedBridge limit
WETHWrapped EtherView asset Wrapped ETHAssessment unavailable	527.2k1.5% of total395.4k outside reserve131.8k minter reserve	+98.0%Collateral value above debt1.0M CHF backingPrice needs updating	25.0%of gross minted debt	1.33%After reserve adjustment	18.5M ZCHF2.8% usedAcross all originals
GNOGnosis TokenView asset Protocol tokenAssessment unavailable	195.0k0.6% of total122.8k outside reserve72.2k minter reserve	+217.0%Collateral value above debt618.1k CHF backingPrice needs updating	37.0%of gross minted debt	1.59%After reserve adjustment	2.0M ZCHF9.8% usedAcross all originals
ysyBOLDStaked yBOLDView asset Vault tokenAssessment unavailable	57.4k0.2% of total46.0k outside reserve11.5k minter reserve	+30.7%Collateral value above debt75.1k CHF backingPrice needs updating	20.0%of gross minted debt	2.19%After reserve adjustment	1.0M ZCHF5.7% usedAcross all originals
REALURealUnit SharesView asset Tokenised sharesAssessment unavailable	53.2k0.2% of total45.2k outside reserve8.0k minter reserve	+124.4%Collateral value above debt119.3k CHF backingPrice needs updating	15.0%of gross minted debt	1.18%After reserve adjustment	2.5M ZCHF2.1% usedAcross all originals
LENDSSwitzerlend AG C1 Shares SHAView asset Tokenised sharesAssessment unavailable	24.9k0.1% of total14.9k outside reserve10.0k minter reserve	+240.1%Collateral value above debt84.7k CHF backingPrice needs updating	40.0%of gross minted debt	2.17%After reserve adjustment	1.0M ZCHF2.5% usedAcross all originals
CRVCurve DAO TokenView asset Protocol tokenAssessment unavailable	7.4k0.0% of total5.5k outside reserve1.8k minter reserve	+155.9%Collateral value above debt18.8k CHF backingPrice needs updating	25.0%of gross minted debt	4.00%After reserve adjustment	2.0M ZCHF0.4% usedAcross all originals
VCHFVNX FrancView asset 1:1 stablecoin bridgeAssessment unavailable	00.0% of total0 outside reserve0 minter reserve	1:1 bridgeIssuer-backed stablecoin0 CHF backingPrice needs updating	Not applicable	No borrowing interest	2.0M ZCHF0.0% usedBridge limit

*Reserve split uses each position’s retained-reserve requirement. “Outside reserve” is before fees; circulating supply and currently redeemable reserves may differ.

How to read these figures

Average overcollateralisation: Total reported collateral value ÷ gross debt − 1. For 140 CHF backing and 100 ZCHF debt, this is +40%. Individual positions can have less protection; open an asset to inspect them.
Retained reserve: The share of each position’s gross debt assigned to the minter reserve. Amounts shown are reserve requirements; recoverable amounts can be lower after protocol losses.
Effective annual interest: Annual fee rate on gross debt ÷ (1 − reserve share). This includes the base rate and contract premium. Ranges span open positions. It follows the assessment framework; upfront fees and loan duration affect the borrower’s realised cost.
Global minting limit: The protocol’s aggregate limit across original facilities, including their clones once. Unused limit is not a quote for immediately available borrowing.

Advanced data & export

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Data & assessment sources

Protocol snapshot: 12 Nov 2026, 10:26 UTC · api.frankencoin.com. Price observation times appear on each asset page.

Price-based monitoring covers 0.0% of reported debt. Inspect source gaps →

Current assets: 0 published assessments, 0 drafts, 0 missing and 16 unavailable. Publication does not establish governance approval.

Assessment review (0 findings)Risk framework Propose an asset ↗

Assessment snapshot unavailable, retrieved –.

Risk assessments could not be loaded from GitHub — assessment stages and coverage are shown as unavailable, not as missing. Live protocol figures are unaffected.